> BTW, it's looking like I may be able to get us some money soon to cover
> web host costs, back your exchange service, etc, in the form of cash in
> the mail. Can you receive it and act as the project's treasurer?
That would be nice, I can do it. Sending cash in the mail may have its
risks, but maybe it's still the best anonymous option. We can also ask
for donations in BTC on the forum.
I got a donation offer for $2000 USD. I need to get your postal mailing
address to have him send to. And yes, he wants to remain anonymous, so
please keep the envelope's origin private.
mmalmi@cc.hut.fito Satoshi Nakamoto <satoshin@gmx.com> · · original
You can give this address:
Martti Malmi
Visakoivunkuja 15 F 42
02130 Espoo
Finland
>> BTW, it's looking like I may be able to get us some money soon to cover
>> web host costs, back your exchange service, etc, in the form of cash in
>> the mail. Can you receive it and act as the project's treasurer?
>
> That would be nice, I can do it. Sending cash in the mail may have
> its risks, but maybe it's still the best anonymous option. We can
> also ask for donations in BTC on the forum.
I got a donation offer for $2000 USD. I need to get your postal
mailing address to have him send to. And yes, he wants to remain
anonymous, so please keep the envelope's origin private.
mmalmi@cc.hut.fito Satoshi Nakamoto <satoshin@gmx.com> · · original
Good news: I received the donation of $3600. At least the hosting
costs are no problem anymore.
What do you think of the idea to offer rewards of $100-200 to the
first 5-10 established companies that start accepting Bitcoin? We'd
also assign them a dedicated support person to help with integration.
I have companies like prq.se, ipredator.se, relakks.com or
perfect-privacy.com in mind. We could also make the offer public.
Good news: I received the donation of $3600. At least the hosting costs
are no problem anymore.
That's great! I'll let him know it was received and thank him.
It might be a long time before we get another donation like that, we
should save a lot of it.
Spend what you need on hosting. Email me a simple accounting when you
take out money for expenses, like:
-$60 rackspace monthly
$2540 balance
What do you think of the idea to offer rewards of $100-200 to the first
5-10 established companies that start accepting Bitcoin? We'd also
assign them a dedicated support person to help with integration. I have
companies like prq.se, ipredator.se, relakks.com or perfect-privacy.com
in mind. We could also make the offer public.
$100-200 is chump change if they're a serious company, it would only
make us sound small.
What they need most is confidence they can convert it to fiat currency.
That VOIP company essentially said so in a recent post. The best
thing we can do is make sure there's cash available to cash out and
support and steady the conversion rate.
The money is leveraged better that way too. Theoretically, imagine 10
businesses have their eye on a $100 bill being offered for bitcoins, but
don't actually cash out because they know it's there if they need it.
That one $100 bill allowed 10 different people to act like their 5000
bitcoins were equivalent to $100.
I think we should allocate $1000 at this point to your exchange.
mmalmi@cc.hut.fito Satoshi Nakamoto <satoshin@gmx.com> · · original
Spend what you need on hosting. Email me a simple accounting when you
take out money for expenses, like:
-$60 rackspace monthly
$2540 balance
Ok.
> What do you think of the idea to offer rewards of $100-200 to the
> first 5-10 established companies that start accepting Bitcoin? We'd
> also assign them a dedicated support person to help with
> integration. I have companies like prq.se, ipredator.se,
> relakks.com or perfect-privacy.com in mind. We could also make the
> offer public.
$100-200 is chump change if they're a serious company, it would only
make us sound small.
What they need most is confidence they can convert it to fiat currency.
That VOIP company essentially said so in a recent post. The best
thing we can do is make sure there's cash available to cash out and
support and steady the conversion rate.
The money is leveraged better that way too. Theoretically, imagine 10
businesses have their eye on a $100 bill being offered for bitcoins,
but don't actually cash out because they know it's there if they need
it. That one $100 bill allowed 10 different people to act like their
5000 bitcoins were equivalent to $100.
I think we should allocate $1000 at this point to your exchange.
Alright, I'll add $1000 dollars to the exchange reserves. That way I
can offer more stable pricing.
A week ago somebody bought coins with 1000 €. That was probably meant
as a donation to some extent, since 1000 € would have bought him a lot
more coins at bitcoinmarket.com than at my service.
> I think we should allocate $1000 at this point to your exchange.
Alright, I'll add $1000 dollars to the exchange reserves. That way I can
offer more stable pricing.
A week ago somebody bought coins with 1000 €. That was probably meant as
a donation to some extent, since 1000 € would have bought him a lot more
coins at bitcoinmarket.com than at my service.
Interesting, so how is the balance between purchases of coins and cash
going?
Btw, are you able to use my builds of bitcoind on your host, or do you
have to build it yourself?
mmalmi@cc.hut.fito Satoshi Nakamoto <satoshin@gmx.com> · · original
Interesting, so how is the balance between purchases of coins and cash going?
About +1000€ (plus the $1000) and -40000 BTC since when I started. I
should have set the initial BTC price higher, it was only 1€ / 1000
BTC in the beginning.
Btw, are you able to use my builds of bitcoind on your host, or do you
have to build it yourself?
I had to build it myself. It had the same problem that has been
reported on the forums: /usr/lib/libstdc++.so.6: version
`GLIBCXX_3.4.11' not found.
A week ago somebody bought coins with 1000 €. That was probably meant as
a donation to some extent, since 1000 € would have bought him a lot more
coins at bitcoinmarket.com than at my service.
They probably couldn't have gotten that large of a trade on
bitcoinmarket.com.
mmalmi@cc.hut.fito Satoshi Nakamoto <satoshin@gmx.com> · · original
I deposited the donation to a bank as euros. The donation was actually
not $3600 but 3500$. I miscalculated it as it was packed in (18 + 17)
* $100 instead of (18 + 18) * $100.
$3500 made 2608.28€.
-750€ to back up BitcoinExchange.com
-28.92€ for the hosting in July
1829€ balance
